Turkish Central Bank
| Headquarters | Ankara , Turkey |
| founding | October 3, 1931 |
| president | Murat Uysal |
| country | the Turkey |
| currency | |
| ISO 4217 | TRY |
| Currency reserves | US $ 143.2 billion (2019) |
| printer | Türkiye Cumhuriyet Merkez Bankası Banknote Matbaası |
| Mint (s) | Türkiye Cumhuriyet Merkez Bankası Darphane ve Damga Matbaası |
| Website | http://www.darphane.gov.tr/ |
| Website | |
| predecessor | |
| List of central banks | |
The Turkish Central Bank ( Turkish Türkiye Cumhuriyet Merkez Bankası ; German Central Bank of the Republic of Turkey ) is the central bank of Turkey . It issues the country's currency , the Turkish lira , and oversees the Turkish banks ( banking supervision ).
history
Ottoman era
In the Ottoman Empire , all kinds of money transactions in gold and foreign currency in various combinations were left to the treasury, the mint, jewelers, pawn shops and foundations.
In 1847 the state allowed the establishment of the Bank of Dersaadet as a bank that was able to receive payments from abroad for the first time.
In 1856, the Ottoman Bank was founded with English and French capital owners. In 1863 it partially took over the functions of a central bank, was nationalized and renamed Imperial Ottoman Bank .
This bank issued the first Turkish banknotes and was also given the right to issue the first government bonds. Equipped with these powers, the bank acted as a state bank and thus also had a monopoly in payment processing.
Of the 135,000 shares in Osmanlı Bankası , 80,000 were held by the British, 50,000 by the French and 5,000 were in Turkish hands.
Republican period
After the founding of the republic , the privilege of Osmanlı Bankası was extended until 1935, although the establishment of its own central bank had been in progress since 1926. Central Bank Law No. 1715 was passed on June 11, 1930. The central bank was founded on October 3, 1931 under the name Türkiye Cumhuriyet Merkez Bankası and began its operations on January 1, 1932. It was granted the right to issue notes for 30 years; this was extended from 1955 to 1999 and granted in 1994 without limitation.
According to the Central Bank Law, the Central Bank of Turkey should support the country's economic development. To do this, it fulfills the following tasks:
- Regulation of discount rates and the money market
- Execution of treasury operations
- Support of the Turkish currency together with the government
With the introduction of economic development plans in the 1960s, changes were also made to the Central Bank Law. According to the 2nd Central Bank Law No. 1211 of January 26, 1970, the Central Bank of Turkey must carry out its business policy within the framework of these economic plans.
In the 1980s, an interbank money market and a foreign exchange market were introduced, and the bank also participated in the open market.
Web links
- Türkiye Cumhuriyet Merkez Bankası (Turkish, English)
Individual evidence
- ↑ ORF.at July 6, 2019: Turkish central bank chief dismissed
- ^ Turkey Foreign Exchange Reserves . tradingeconomics.com. Accessed January 30, 2017 (English)
- ↑ Our History - Ottoman Period. Central Bank of Turkey, accessed August 9, 2018 .
Coordinates: 39 ° 56 '20.8 " N , 32 ° 51' 7.9" E